NITI Aayog
Explanation
The National Multidimensional Poverty Index (NMPI) is a comprehensive measure designed to capture overlapping deprivations in health, education, and living standards. It is based on the globally accepted Alkire-Foster methodology and is customized to align with India's national priorities.
Detailed Analysis:
- NITI Aayog (Correct): NITI Aayog serves as the nodal agency for the Multidimensional Poverty Index (MPI) in India. It is responsible for constructing the index, monitoring progress, and releasing the National MPI reports. The index utilizes data from the National Family Health Survey (NFHS) coordinated by the International Institute for Population Sciences (IIPS).
- National Sample Survey Office (Incorrect): While the NSSO conducts large-scale sample surveys (such as those on consumption expenditure used for traditional poverty line estimation), it does not calculate the NMPI.
- Reserve Bank of India & Ministry of Finance (Incorrect): These institutions deal with monetary policy and fiscal administration respectively, and are not involved in the calculation of sociometric indices like the NMPI.
Key Takeaway:
NITI Aayog is the nodal agency for the National Multidimensional Poverty Index, which assesses poverty across three dimensions: Health, Education, and Standard of Living, comprising 12 indicators.